<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549


                                   FORM 10-QSB

                  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934
                 FOR THE QUARTERLY PERIOD ENDED July 31, 2001

                 TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF
                 THE EXCHANGE ACT FOR THE TRANSITION PERIOD FROM

                                       TO
--------------------------------------------------------------------------------
                             COMMISSION FILE NUMBER


                                 DLD GROUP, INC.
        (EXACT NAME OF SMALL BUSINESS ISSUER AS SPECIFIED IN ITS CHARTER)

<TABLE>
<CAPTION>
                DELAWARE                                 13-4116841
-----------------------------------------           --------------------
<S>                                                 <C>
     (STATE OR OTHER JURISDICTION OF                  (I.R.S. EMPLOYER
      INCORPORATION OR ORGANIZATION)                 IDENTIFICATION NO.)

140 South Roosevelt Avenue, Pasadena, CA                    91107
 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE)                 (ZIP CODE)
</TABLE>

         ISSUER'S TELEPHONE NUMBER, INCLUDING AREA CODE: (626) 395-6513

      Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15 (d) of the Securities Exchange Act during the past 12 months
(or such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.

Yes [X]           No [   ]


      At September 15, 2001, there were issued and outstanding 8,163,266 shares
of Common Stock.

      Transitional Small Business Disclosure Format (check one): Yes [ ] No [X]
<PAGE>   2
                                 DLD GROUP, INC.
                          (A Development Stage Company)

<TABLE>
<CAPTION>
                                                                                         PAGE
                                                                                         ----
<S>                                                                                     <C>
Part I - Financial Information

Item 1.       Financial Statements

              Condensed Balance Sheets
              July 31, 2001 (Unaudited) and April 30, 2001                                 2

              Condensed Statements of Operations
              Three Months Ended July 31, 2001 and 2000 and Period
              from April 11, 2000 (Date of Inception) to July 31, 2001 (Unaudited)         3

              Condensed Statements of Changes in Stockholders' Equity (Deficiency)
              Three Months Ended July 31, 2001 and Period from April 11, 2000
              (Date of Inception) to July 31, 2001 (Unaudited)                             4

              Condensed Statements of Cash Flows
              Three Months Ended July 31, 2001 and 2000 and Period
              from April 11, 2000 (Date of Inception) to July 31, 2001 (Unaudited)         5

              Notes to Condensed Financial Statements                                    6-8

Item 2.       Management's Discussion and Analysis or Plan of Operation                  9-11


Part II - Other Information

Item 6.       Exhibits and Reports on Form 8-K                                            12

              Signatures                                                                  13
</TABLE>
<PAGE>   3
                                 DLD GROUP, INC.
                          (A Development Stage Company)

                            CONDENSED BALANCE SHEETS
                        JULY 31, 2001 AND APRIL 30, 2001

<TABLE>
<CAPTION>
                                                                      July                April
                                        ASSETS                      31, 2001             30, 2001
                                                                    --------             --------
                                                                  (Unaudited)            (Note 2)
<S>                                                               <C>                    <C>
Current asset - cash                                                $ 48,128

Other assets                                                          20,693             $ 20,693
                                                                    --------             --------

          Totals                                                    $ 68,821             $ 20,693
                                                                    ========             ========

                        LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)

Current liabilities:
     Accounts payable                                               $ 21,807             $ 16,807
     Borrowings under line of credit                                  50,000
                                                                    --------             --------
           Total liabilities                                          71,807               16,807
                                                                    --------             --------

Stockholders' equity (deficiency):
    Preferred stock, $.0001 par value; 20,000,000 shares
       authorized; none issued
    Common stock, $.0001 par value; 100,000,000 shares
       authorized; 8,163,266 issued and outstanding                      816                  816
    Additional paid-in capital                                        73,850               73,850
    Deficit accumulated during the development stage                 (77,652)             (70,780)
                                                                    --------             --------
          Total stockholders' equity (deficiency)                     (2,986)               3,886
                                                                    --------             --------

           Totals                                                   $ 68,821             $ 20,693
                                                                    ========             ========
</TABLE>

See Notes to Condensed Financial Statements.

                                      2
<PAGE>   4
                                         DLD GROUP, INC.
                                  (A Development Stage Company)

                                CONDENSED STATEMENTS OF OPERATIONS
                       THREE MONTHS ENDED JULY 31, 2001 AND 2000 AND PERIOD
                     FROM APRIL 11, 2000 (DATE OF INCEPTION) TO JULY 31, 2001
                                           (Unaudited)

<TABLE>
<CAPTION>
                                                                       Three Months
                                                                      Ended July 31,
                                                            -----------------------------------
                                                               2001                    2000                 Cumulative
                                                            -----------             -----------             -----------
<S>                                                         <C>                     <C>                     <C>
General and administrative expenses                         $     6,872             $     1,809             $    77,652
                                                            -----------             -----------             -----------

Net loss                                                    $    (6,872)            $    (1,809)            $   (77,652)
                                                            ===========             ===========             ===========


Basic net loss per common share                             $        --             $        --
                                                            ===========             ===========


Basic weighted average common shares outstanding              8,163,260               4,000,000
                                                            ===========             ===========
</TABLE>

See Notes to Condensed Financial Statements.

                                      3
<PAGE>   5
                                 DLD GROUP, INC.
                          (A Development Stage Company)

      CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY)
                THREE MONTHS ENDED JULY 31, 2000 AND PERIOD FROM
               APRIL 11, 2000 (DATE OF INCEPTION) TO JULY 31, 2001
                                   (Unaudited)

<TABLE>
<CAPTION>

                                                                                                            Deficit
                                                                                                          Accumulated
                                           Preferred Stock                Common Stock       Additional    During the
                                       -----------------------       ----------------------   Paid-in       Develop-
                                        Shares         Amount          Shares     Amount      Capital      ment Stage       Total
                                       ---------     ---------       ---------  -----------  -----------  -----------   -----------
<S>                                    <C>           <C>             <C>        <C>          <C>          <C>           <C>
Balance, April 11, 2000 (date of
    inception)                                  --   $        --            --  $        --  $        --  $        --   $        --

Proceeds from issuance of
    common stock                                                     4,000,000          400                                     400
                                       ---------     ---------       ---------  -----------  -----------  -----------   -----------

Balance, April 30, 2000                         --            --     4,000,000          400           --           --           400

Capital contribution                                                                              53,573                     53,573

Issuance of common stock for patents                                 4,163,266          416       20,277                     20,693

Net loss                                                                                                      (70,780)      (70,780)
                                       ---------     ---------       ---------  -----------  -----------  -----------   -----------

Balance, April 30, 2001                         --            --     8,163,266          816       73,850      (70,780)        3,886

Net loss                                                                                                       (6,872)       (6,872)
                                       ---------     ---------       ---------  -----------  -----------  -----------   -----------

Balance, July 31, 2001                          --   $        --     8,163,266  $       816  $    73,850  $   (77,652)  $    (2,986)
                                       ===========   ===========   ===========  ===========  ===========  ===========   ===========
</TABLE>

See Notes to Condensed Financial Statements.

                                      4
<PAGE>   6
                                DLD GROUP, INC.
                         (A Development Stage Company)

                       CONDENSED STATEMENTS OF CASH FLOWS
              THREE MONTHS ENDED JULY 31, 2001 AND 2000 AND PERIOD
            FROM APRIL 11, 2000 (DATE OF INCEPTION) TO JULY 31, 2001
                                 (Unaudited)

<TABLE>
<CAPTION>
                                                                      Three Months
                                                                     Ended July 31,
                                                             -----------------------------
                                                               2001                 2000              Cumulative
                                                             --------             --------             --------
<S>                                                          <C>                  <C>                 <C>
Operating activities:
     Net loss                                                $ (6,872)            $ (1,809)            $(77,652)
     Expenses paid by stockholder                                                    1,809               53,573
     Accounts payable                                           5,000                                    21,807
                                                             --------             --------             --------
        Net cash used in operating activities                  (1,872)                  --               (2,272)
                                                             --------             --------             --------

Financing activities:
     Proceeds from sale of common stock                                                                     400
     Proceeds from working capital line of credit              50,000                                    50,000
                                                             --------                                  --------
        Net cash provided by financing activities              50,000                                    50,400
                                                             --------                                  --------

Net increase in cash                                           48,128                  400               48,128

Cash, beginning of period                                          --                   --                   --
                                                             --------             --------             --------

Cash, end of period                                          $ 48,128             $    400             $ 48,128
                                                             ========             ========             ========

Supplemental disclosure of noncash investing and
     financing activities:
     Issuance of common stock for patents                    $ 20,693             $     --             $ 20,693
                                                             ========             ========             ========
</TABLE>

See Notes to Condensed Financial Statements.

                                      5
<PAGE>   7
                                 DLD GROUP, INC.
                          (A Development Stage Company)

                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                                   (Unaudited)

Note 1 - Operations and business risk factors:

         DLD Group, Inc. (the "Company") was incorporated on April 11, 2000 to
         seek, investigate and, if such investigation warrants, acquire an
         interest in a business entity which desires to seek the perceived
         advantages of a corporation which has a class of securities registered
         under the Securities Act of 1933.

         Effective April 4, 2001, the Company acquired certain patent rights
         represented by Patent Application Number 09-417421 from Dr. Desheng
         Wang for 4,163,266 shares of common stock. The technology behind the
         patents and patent rights is twofold.

         The first is an ozone water purifier which oxidizes organic material
         found in water such as detergents, pesticides, herbicides and phenols,
         as well as inorganic material such as iron, manganese, organically
         bound heavy metals, cyanides, sulfides and nitrates, resulting in high
         quality, great tasting water.

         The second is a universal filter that can be attached to any showerhead
         or purchased as a complete unit. This filter uses a form of food
         preservative to remove chlorine from water, which is the best known
         material to use for this purpose.

         As shown in the accompanying condensed financial statements, the
         Company relies exclusively on its stockholders for liquidity and will
         only be able to continue as a going concern with the financial support
         of its stockholders. In addition, the Company estimates that it will
         need additional working capital of approximately $600,000 to support
         these patent rights.

         Management plans to obtain such financing through private offerings of
         debt and equity securities. However, management cannot assure that the
         Company will be able to obtain any or all of the additional financing
         it will need in order to continue to operate through at least April 30,
         2002 or that, ultimately, it will be able to generate any profitable
         operations. If the Company is unable to obtain the required financing,
         it may have to curtail its operations or terminate its operations and
         liquidate its remaining assets and liabilities.


                                      6
<PAGE>   8
                                 DLD GROUP, INC.
                          (A Development Stage Company)

                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                                 (Unaudited)

Note 1 - Operations and business risk factors (concluded):

         The Company had not conducted any commercial operations through July
         31, 2001 and, accordingly, it was in the development stage as of that
         date.

Note 2 - Unaudited financial statements:

         In the opinion of management, the accompanying unaudited condensed
         financial statements reflect all adjustments, consisting of normal
         recurring accruals, necessary to present fairly the financial position
         of the Company as of July 31, 2001, and its results of operations and
         cash flows for the three months ended July 31, 2001 and 2000 and
         changes in stockholders' equity (deficiency) for the three months ended
         July 31, 2001 and the related cumulative amounts for period from April
         11, 2000 (date of inception) to July 31, 2001. Information included in
         the condensed balance sheet as of April 30, 2001 has been derived from,
         and certain terms used herein are defined in, the audited financial
         statements of the Company as of April 30, 2001 and for the year ended
         April 30, 2001 and period from April 11, 2000 (date of inception) to
         April 30, 2000 and period from April 11, 2000 (date of inception) to
         April 30, 2001 (the "Audited Financial Statements") included in the
         Company's annual report on Form 10-KSB that was previously filed with
         the United States Securities and Exchange Commission (the "SEC").
         Pursuant to the rules and regulations of the SEC, certain information
         and disclosures normally included in financial statements prepared in
         accordance with accounting principles generally accepted in the United
         States of America have been condensed or omitted from these condensed
         financial statements unless significant changes have taken place since
         the end of the most recent fiscal year. Accordingly, these unaudited
         condensed financial statements should be read in conjunction with the
         Audited Financial Statements and the other information also included in
         the Form 10-KSB.

         The results of operations for the three months ended July 31, 2001 are
         not necessarily indicative of the results of operations for the full
         year ending April 30, 2002.

Note 3 - Net earnings (loss) per share:

         The Company presents basic earnings (loss) per share and, if
         appropriate, diluted earnings per share in accordance with the
         provisions of Statement of Financial Accounting Standards No. 128,
         "Earnings per Share." Basic earnings (loss) per common share is
         calculated by dividing net income or loss by the weighted average
         number of common shares outstanding during the period. The calculation
         of diluted earnings per common share is similar to that of basic
         earnings per common share, except that the denominator is increased to
         include the number of additional common shares that would have been
         outstanding if all potentially dilutive common shares, such as those
         issuable upon the exercise of stock options, were issued during the
         period. Diluted per share amounts have not been presented in the
         accompanying unaudited condensed statements of operations because the
         Company did not have any potentially dilutive common shares outstanding
         during the three months ended July 31, 2001 and 2000.

                                      7
<PAGE>   9
                                 DLD GROUP, INC.
                          (A Development Stage Company)

                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                                 (Unaudited)


Note 4 - Related party transactions:

         The Company entered into an agreement with Capital Advisory Partners,
         LLC ("CAP") pursuant to which CAP was to supervise the search for
         potential target companies for a business combination. As of July 31,
         2001, CAP owns 40,000 shares of the Company's common stock. Under the
         terms of the agreement, CAP agreed to pay all expenses of the Company
         without repayment until such time that a business combination was
         consummated. From April 11, 2000 (date of inception) to July 31, 2001,
         CAP incurred expenses on behalf of the Company totaling $53,573 (it
         did not incur any such expenses prior to that period) and,
         accordingly, the Company recorded a charge to operations and a
         contribution to capital in that amount, when CAP paid these expenses.
         The agreement was terminated on April 11, 2001.

         Patricia A. Meding was the sole officer and director of the Company
         until her resignation on April 11, 2001. She is the sole officer,
         director and controlling stockholder of CAP.

         On July 5, 2001, the Company received a $50,000 working capital loan,
         bearing interest at 10%, from a company which a member of the Board of
         Directors is a principal stockholder. The note is to be repaid upon the
         receipt of the first $50,000 raised in either debt or equity financing.

                                    * * *

                                      8
<PAGE>   10
ITEM 2.  MANAGEMENTS DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The following discussion should be read in conjunction with the condensed
financial statements and notes thereto appearing elsewhere in this report.

OVERVIEW

       DLD Group, Inc. (the "Company") was incorporated on April 11, 2000 under
the laws of the State of Delaware to engage in any lawful corporate undertaking,
including, but not limited to, selected mergers and acquisitions. The Company
has been in the developmental stage since inception and has no operations to
date other than issuing shares to its original shareholders.

         Effective April 4, 2001, the Company acquired certain patent rights
represented by Patent Application Number 09-417421 from Dr. Desheng Wang for
4,163,266 shares of common stock.

         The technology behind the patent is twofold. The first is an ozone
water purifier which oxidizes organic material found in water such as
detergents, pesticides, herbicides and phenols, as well as inorganic material
such as iron, manganese, organically bound heavy metals, cyanides, sulfides and
nitrates, resulting in high quality, great tasting water.

         The second is a universal filter that can be attached to any showerhead
or purchased as a complete unit. This filter uses a form of food preservative to
remove chlorine from water, which is the best known material to use for this
purpose.

         PLAN OF OPERATION

         Over the next twelve months the Company will seek to develop the
technology underlying the patent. The Company relies exclusively on its
stockholders for liquidity. The Company will need $600,000 over the next twelve
months to effectively develop the technology underlying the patent and run the
business. Management plans to obtain such financing through private offerings of
debt and equity securities. However, there can be no assurance that Management
will be able to obtain the additional financing it will need in order to
continue to operate through April 30, 2002.

         In July 2001, Infotopia, Inc., an Ohio-based direct marketer (in which
Ernest Zavoral, a director of the Company, is an executive officer, director and
major shareholder), loaned $50,000 to the Company. This was evidenced by a note
that bears no interest for the first 90 days, and thereafter bears interest at
the rate of 10% per annum until the balance of the principal and interest is
paid off. Infotopia has expressed an interest in marketing our products, as part
of the line of goods they market through infomercials.

         We have used the proceeds of this loan to rent 1,000 square feet of
office space in Shanghai, People's Republic of China ("PRC") for $US400/month.
We have hired six employees, a manager, a secretary, a mechanical engineer, an
electrical engineer, an art designer and a Chinese accountant.

         The engineers are in the process of creating a practical design for the
ozonator and an ozone water purifier. When these designs are complete, we expect
to enter into contracts in the PRC for the manufacture of these products. We
anticipate that the $50,000 loan will be sufficient for the design portion
(including the cost of making the requisite molds for manufacturing the
products) and the initial portion of the manufacturing process. We will not be
hiring sales personnel in the United States until some time after the
manufacturing process is completed. We believe that Infotopia, the lender of the
$50,000 loan, will have an interest in marketing our products.


                                      9
<PAGE>   11
         In order to progress beyond the initial design and manufacturing
stages, we will need additional financing, which we are attempting to procure by
a variety of means. No assurance can be given that we will be able to obtain
such financing, or obtain financing on commercially reasonable terms.

         The Company does not expect to buy or sell any real estate, plant or
equipment except as such a purchase might occur by way of a business
combination. The agreement between the Company and Capital Advisory Partners,
LLC, a shareholder of the Company, to supervise the search for target companies
as potential candidates for a business combination was terminated on April 11,
2001.

         COMPETITION. Competition may develop, which will be better able to
develop similar technologies and products in a quicker and more cost efficient
manner than we can. It is our belief that there are a significant number of
companies that could command greater resources than those available to us, to
develop and exploit rival water purification technologies. These companies may
be able to reach production stages sooner than we can, and, in effect, deprive
us of market share for water purification products. Our current
management has only limited business experience. As a result of this limited
experience, there is a higher risk of us being unable to exploit our patent
rights and fully implement our business plan.

         It is noteworthy that the market for products utilizing water
purification technology, particularly at the consumer level, is intensely
competitive, and that there are numerous products in the market now, such as the
water-tap or pitcher-filter type filters marketed under the "PUR" or "Brita"
brand-names, that enjoy wide distribution, and which are backed by substantial
resources for research and development and marketing. We would thus be competing
with entities that enjoy substantial commercial advantages over us, in the
absence of any third-party alliances we might be able to enter into.

         RESULTS OF OPERATIONS

         During the three months ended July 31, 2001, the Company incurred a net
loss of $6,872, an increase of $5,063(279.9%) from a net loss of $1,809 for the
three months ended July 31, 2000. This was due to general and administrative
expenses, including professional fees, incurred by the Company in connection
with its formation, the filing of a registration statement on Form 10-SB and
other filings under the Securities Exchange Act of 1934 (the "Exchange Act"), as
well as costs incurred in connection with obtaining and developing the patent
rights. The Company

                                      10
<PAGE>   12
paid no rent or salaries and had no other operations during the aforementioned
periods or since inception.

         LIQUIDITY and CAPITAL RESOURCES

         The Company had no cash on hand at the end of the fiscal year. The
Company's only asset, the patent rights obtained from Dr. Wang, have a value of
$20,693, Dr. Wang's cost basis. The Company had no other assets to meet ongoing
expenses or debts that may accumulate. Since inception, the Company has
accumulated a deficit (net loss) of $77,652.

         The Company needs additional working capital of approximately $600,000
to support these patent rights and the Company will only be able to pay its
future debts and meet operating expenses by raising additional funds, acquiring
a profitable company or otherwise generating positive cash flow.

         There is no assurance that the Company will be able to raise necessary
funds from outside sources. Such a lack of funds could result in severe
consequences to the Company, including among others:

         (1) failure to make timely filings with the SEC as required by the
Exchange Act;

         (2) curtailing or eliminating the Company's ability to locate and
perform suitable investigations of potential acquisitions;

         (3) inability to complete a desirable acquisition due to lack of funds
to pay legal and accounting fees and acquisition-related expenses; or

         (4) failure to gain approval of its patent rights.

         CAUTIONARY STATEMENT FOR PURPOSES OF THE SAFE HARBOR PROVISIONS OF THE
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

         The statements contained in the section captioned Management's
Discussion and Analysis of Financial Condition and Results of Operations which
are not historical are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking statements
represent the Company's present expectations or beliefs concerning future
events. The Company cautions that such forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or implied by
such forward-looking statements.

                                      11
<PAGE>   13
                                     PART II
                                OTHER INFORMATION

ITEM 1 - LEGAL PROCEEDINGS

                  None.

ITEM 2 - CHANGES IN SECURITIES

                  None.

ITEM 3 - DEFAULT IN SENIOR SECURITIES

                  None.

ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

                  None.

ITEM 5 - OTHER INFORMATION

                  None.

ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K

(a)  Exhibits: Exhibits required to be attached by Item 601 of Regulation S-B
     are listed in the Index to Exhibits in this Form 10-QSB, and are
     incorporated herein by this reference.

(b)  Reports on Form 8-K: No reports on Form 8-K were filed during the period
     covered by this Form 10-QSB.

                                      12
<PAGE>   14
                                   SIGNATURES

         In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized, this 21st day of September, 2001.

DLD Group, Inc.

By:  /s/ Desheng Wang
     --------------------------------
     Desheng Wang, President, CEO & Director
     Dated: September 21, 2001



                                INDEX TO EXHIBITS

<TABLE>
<CAPTION>
Exhibits
Number                     Description of Document
--------                   -----------------------
<S>                        <C>
2.1                        Purchase and Sale Agreement dated March 6, 2001 by
                           and amon Dr. Desheng Wang and the Company(1)

3.1                        Certificate of Incorporation dated April 11, 2000(2)

3.2                        Bylaws(2)

3.3                        Amendment No. 1 to the By-Laws.(2)

10.1                       Agreement with Capital Advisory Partners, LLC(2)

10.2                       Lock up agreements.(2)
</TABLE>

---------------------------
(1)  Filed as part of the Company's Form 8-K, filed April 17, 2001.
(2)  Filed as part of the Company's Registration Statement on Form 10-SB, filed
     May 17, 2000.